Textiles, garment exports fall 2.2%, says GTRI, Pg11

Key Highlights:

• India's textiles and garment exports decreased by 2.2% to USD 35.8 billion in 2025-26.
• Key segments like cotton textiles saw a decline of 3.9%, ready-made garments by 1.4%, and carpets by 5.3%.
• Handicrafts exports experienced a slight growth of 1.5% during the fiscal year.
• The Global Trade Research Initiative (GTRI) highlighted a structural concern with exports.

Detailed Insights:

• The decline in exports is evident across major segments of the textile industry, indicating a broad downturn.
• The discrepancy between INR and USD growth suggests that currency depreciation, rather than increased competitiveness, may be influencing export figures.
• Despite an increase in INR value for man-made textiles and garments, there was a contraction in USD terms, signaling a loss of global market share.
• The report underscores the need to address underlying structural issues affecting the textile sector to enhance competitiveness and boost exports.

Key Concepts Involved:

• Exports: Goods or services sold to another country.
• Currency Depreciation: The decrease in the value of one currency relative to another.
• Global Market Share: The percentage of a product or service a company sells in the global market.